March 19, 2024
Thredd Enters US Card Issuing Market With B4B Partnership

Payments processor Thredd has entered the U.S. debit and prepaid card issuing market. The company announced this milestone Tuesday (March 19), saying it was happening via an extension of its...

March 13, 2024
PayPal Appoints Ex-SoFi Executive Aaron J. Webster as Chief Enterprise...

PayPal has appointed former SoFi executive Aaron J. Webster as executive vice president, chief enterprise services officer, effective Monday (March 18). In his new role, Webster will be responsible for global financial crime and fraud...

March 06, 2024
PayPal Taps Wells Fargo Veteran Amy Bonitatibus as Chief Corporate...

PayPal has announced the appointment of its newest chief corporate affairs and communications officer, Amy Bonitatibus. Bonitatibus will begin her new role on May 28, and will be responsible for...

March 06, 2024
Wells Fargo Courts Frequent Travelers With New Autograph Card

Wells Fargo has added a card to its Autograph suite to woo frequent travelers.  The banking giant’s Autograph Journey card, announced Wednesday (March 6), offers accelerated earnings on travel categories like hotels,...

February 22, 2024
Raiffeisen Bank International Discloses Investigation by Austrian Financial Regulator FMA

Raiffeisen Bank International (RBI) disclosed Thursday (Feb. 22) that it is being investigated by Austria’s financial regulator, FMA, over alleged anti-money laundering (AML) failures. The bank said in its annual report that...

February 15, 2024
Cash App Launches Offer of Up to 4.5% Interest on...

Cash App is now offering up to 4.5% interest on savings. “Earn up to 4.5% interest on your savings on Cash App through our partner bank and reach your goals faster,”...

February 15, 2024
SVB Adds Bankers as Anniversary of Its Failure Nears

While other lenders are cutting staff, Silicon Valley Bank (SVB) is reportedly hiring. The financial institution, whose failure in March of 2023 set off a larger banking crisis, has added about 200 bankers since...

February 15, 2024
OCC Closes Sales Practices Consent Order Against Wells Fargo

The Office of the Comptroller of the Currency terminated a 2016 consent order against Wells Fargo. The consent order concerned deficiencies and unsafe or unsound practices in the bank’s risk...

February 12, 2024
Bank of America Reports Digital Banking Alerts, Logins Rise 11%

Bank of America clients had a record 23.4 billion digital interactions with the bank in 2023. Those interactions include logging into their accounts 12.8 billion times and receiving 10.6 billion proactive...